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PRE MARKET REPORT, APR 01, 2022

  • US Markets closed lower on Thursday with Nasdaq closing around -1.54% down
  • Asian markets fell in the early morning trades
  • SGX Nifty indicating negative opening with 60 points cut
  • FIIs net bought worth Rs 3,088.73 crore while DIIs net bought worth Rs 1,145.28 crore
  • Start of new expiry with Nifty ending towards the highest point in March series
  • Looking at OI 17,500 still has significant call OI indicating stiff resistance around the congestion zone of 17,400-600
  • Nifty now has moved its base towards 17,200
  • Bank Nifty needs to perform above 200 DMA of 36,700 for any clear direction
  • Nifty PCR 1.04